Pension Benefits

3 Months Ended

Mar. 21, 2015

Compensation and Retirement Disclosure [Abstract]

Pension Benefits

Pension Benefits

We sponsor qualified and supplemental (non-qualified) noncontributory defined benefit pension plans covering certain full-time salaried and hourly U.S. employees.  The most significant of these plans, the YUM Retirement Plan ("the Plan"), is funded. We fund our other U.S. plans as benefits are paid.  The YUM Retirement Plan and our most significant non-qualified plan in the U.S. are closed to new salaried participants.  

The components of net periodic benefit cost associated with our significant U.S. pension plans are as follows:

	Quarter ended
	2015			2014
Service cost	$	4		$	4
Interest cost	13			12
Expected return on plan assets	(14		)	(13		)
Amortization of net loss	10			4
Net periodic benefit cost	$	13		$	7
Additional loss (gain) recognized due to:
Settlement (a)	$	—		$	3

(a) Losses are a result of settlement transactions from a non-funded plan which exceeded the sum of annual service and interest costs for that plan. These losses were recorded in G&A expenses.

We contributed $75 million to the Plan in the quarter ended March 21, 2015. We do not anticipate any additional significant contributions during 2015.